President's Message March 2014Last month I wrote an article entitled Right Place, Right Time which presented a compelling case for state of our market. This month I want to present to you an overview of the exit planning process and EPI’s current point of view. First, exit planning is a process; NOT an event. It’s a way of running your business that maximizes its value and provides a means to achieving owner’s personal and financial goals; if they have any. The definition I like to use is a slight variation to the definition by Patrick Ungashick from his book Dance in the End Zone, “Exit planning is the conscious effort to maximize enterprise value while enabling the conversion of that ownership into personal financial freedom and peace of mind.”Read more...
Consultants are Heroes Data ShowsExit Planning is a powerful profession, and I am lucky enough to learn from terrific consultants like you every day. You share insights about your marketing efforts, your client interviews, your challenges, and your big wins. Generating wins –building your practice—is a fascinating area. Some common themes: telling business owners you can build the value of their business gets their ear; then showing them both how, and by what amount, wins you their trust over 30% of the time. What is the key to maintaining the conversation’s momentum and converting this trust into action?Read more...
Discover Fort Worth - Fort Worth StockyardsThe Fort Worth Stockyards is a historic district that is located in Fort Worth, Texas, north of the central business district. The 98-acre (40 ha) district was listed on the National Register of Historic Places as Fort Worth Stockyards Historic District in 1976. They are a former livestock market which operated under various owners from 1866. The arrival of railroads in 1876 made the area a very important livestock center. Fort Worth Union Stockyards opened for business on January 19, 1890, covering 206 acres. On February 7, the Fort Worth Dressed Meat and Packing Company was founded. This facility was operated without profit until purchased by G. W. Simpson of Boston.Read more...
Certified Exit Planning Advisor Program
The Certified Exit Planning Advisor (CEPA) Program, created in 2007, is the only program of it's kind. Developed by nationally recognized experts in the field of exit planning, this 5-day executive MBA style program is taught by a faculty of nationally recognized experts in their respective fields. The program is held three times a year, at the University of Chicago's Booth School of Business Gleacher Center in May and November, and at the University of San Francisco in August.
The CEPA Program offers professionals an innovative learning experience, performance-enhancing resources, and the strategic tools to help them advance their exit planning practice. The CEPA program is the only exit planning program of its kind that qualifies for 32.5 hours of CPE credit for Certified Public Accountants (CPAs), 32.5 hours of CPE credit for Certified Valuation Analyst (CVA), 32.5 hours of CPE credit for Accredited Valuation Analysts (AVA), 32.5 hours of CPE credit for Master Analyst in Financial Forensics (MAFF), 32.5 hours of CPE credit Certified Business Appraiser (CBA), 27.5 hours of CE credit for Certified Investment Management Consultants (CIMC), 27.5 hours of CE credit for Certified Investment Analysts (CIMA), 27.5 hours of CE credit for Certified Private Wealth Advisor (CPWA) 17 hours of CE credit for Certified Financial Planners (CFP®), 24 hours of CPE credit for Certified Mergers & Acquisitions Advisors (CM&AA), and 10 hours of CE credit for Certified Business Intermediaries (CBI).
Participants who successfully complete the CEPA program, and pass the 3.5 hour, closed book proctored exam, receive the Certified Exit Planning Advisor or CEPA credential.
The CEPA program now qualifies for continuing educational credits with six major professional associations. This makes the CEPA program the most widely accepted and endorsed professional exit planning program in the world.
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The Exit Planning Institute® (EPI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Accountants/CPAs - receive 32.5 hours of CPE credit.
Certified Valuation Analysts - Receive 32.5 hours of CPE credit.
Accredited Valuation Analysts - receive 32.5 hours of CPE credit.
Master Analyst in Financial Forensics - receive 32.5 hours of CPE credit.
Certified Business Appraisers - receive 32.5 hours of CPE credit
CM&AAs - receive 24 hours of CPE credit.
CFP®s - receive 17 hours of CPE credit.
CBIs - receive 10 hours of CPE credit. Read more...